forex trading strategy - ema

Forex Trading Strategy Double EMA

Forex Strategy

Forex Trading Strategy Double EMA

The Double EMA (exponential moving average) forex strategy is composed of 3 technical indicators. The 2 EMA indicators create a cross-over strategy that will be used to define the primary up-and down trend. The Trend Bars indicator will be used to enter the long or short trade in the direction of the primary trend.

Trading Tools/Settings

Used Indicators: 75 period Exponential Moving Average, 15 period Exponential Moving Average, Trend_Bars
Time frame(s): 1 Hour and above
Trading sessions: All
Currency pairs: All

Download

Download the Double Exponential Moving Average Strategy.

GBP/USD 1 Hour Chart Example

doubleemacrossstrategy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trading Rules

Buy Trade: Go long when the 15 EMA crosses the 75 EMA from below and the Trendbars indicator changes from red to blue color. Place protective stop-loss below the most recent support area. Take profit when the 15 EMA crosses the 75 EMA from above (or use any other method).

Sell Trade: Go short when the 15 EMA crosses the 75 EMA from above and the Trendbars indicator changes from blue to red color. Place protective stop-loss above the most recent resistance area. Take profit when the 15 EMA crosses the 75 EMA from below (or use any other method).

 

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